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BuzzFeed didn’t cut its 2016 revenue forecast in half, chair Ken Lerer says

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The Financial Times reported Tuesday that BuzzFeed significantly missed its revenue target for 2015 and was cutting its 2016 projections in half as a result. But BuzzFeed chair Ken Lerer says that its forecast for 2016 haven’t changed. Lerer says BuzzFeed met its projections for the the first quarter of 2016 and is on track to exceed its projections for the rest of the year. Lerer says: “There’s nothing cratering in the industry. It’s better than ever. It’s just different. And if you want to succeed, you have to open your eyes and realize how it’s different, and take advantage of it.”

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